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A Major Contract Awarded to MingZhu

1. MingZhu secured a significant coal transport contract for 300 trucks. 2. Contract with Ruoqiang Logistics extends until March 2030. 3. This deal reinforces MingZhu's market presence and growth potential. 4. MingZhu aims to maximize stakeholder value through strategic partnerships. 5. Ruoqiang Logistics demonstrates strong cash flow, ensuring operational stability.

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$1.0103/21 09:47 AM EDTEvent Start
$0.9903/24 10:05 AM EDTLatest Updated
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FAQ

Why Bullish?

Winning a major contract demonstrates strong company capabilities, enhancing investor confidence. Similar expansions in logistics have historically led to stock price increases in the sector.

How important is it?

The contract reflects business strength and growth potential, crucial for market positioning. Investor sentiment and market performance are likely to improve due to this positive development.

Why Long Term?

The contract's duration until 2030 provides stable cash flow and growth avenues. Long-term contracts have been beneficial for similar players in logistics.

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XPOJBHTODFL
March 21, 2025 09:41 ET  | Source: MingZhu Logistics Holdings Limited SHENZHEN, China, March 21, 2025 (GLOBE NEWSWIRE) --  MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced Ruoqiang Tengyue Logistics Co., Ltd. (“Ruoqiang Logistics”) awarded a major coal transport contract to MingZhu’s subsidiary Shenzhen Yangang Mingzhu Supply Chain Management Co. (“Mingzhu Supply Chain”). Under the contract, Mingzhu Supply Chain will provide coal transportation service to Ruoqiang Logistics through March 20, 2030. Ruoqiang Logistics contracted Mingzhu Supply Chain to provide approximately 300 trucks on the route during the contract period. Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, “This victory highlights our ability to seamlessly support high-profile clients, delivering both financial benefits and reinforcing our market position. This success is driving remarkable momentum and growth for our company, while also serving as a significant milestone for our investors. It underscores our commitment to creating and maximizing value for all stakeholders.” Mingzhu Supply Chain, a subsidiary of MingZhu, was founded in 2018. It provides integrated solutions to the logistics supply chain in order to reduce costs and increase efficiency. Ruoqiang Logistics is a  is a trusted partner in the coal transportation industry, specializing in connecting power plants and chemical factories with reliable and efficient logistics solutions. With a strong focus on operational excellence and customer satisfaction, Ruoqiang Logistics ensures seamless coordination and timely delivery of coal to support critical energy and industrial operations. One of its key strengths lies in its robust cash flow management, which allows it to maintain financial stability, invest in strategic partnerships, and deliver consistent value to both its clients and transportation partners. About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors’ fleets. For more information, please visit https://ir.szygmz.com/. Forward-Looking StatementsThe statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “calculate” or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company's strategic objectives, the Company's future plans, market demand and user acceptance of the Company's products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China's macroeconomic conditions, and the risks and assumptions disclosed in the Company's reports provided to the CSRC (China Security Regulatory Commission). For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company's relevant SEC filings for additional factors that may affect the Company's future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances. For further information, please contact.MingZhu Logistics Holdings Limited:Jingwei ZhangEmail: company@szygmz.comPhone: +86 186-5937-1270

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